Registered number
12696740
LABEL GROUP MCR LIMITED
Filleted Accounts
30 June 2023
LABEL GROUP MCR LIMITED
Registered number: 12696740
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 754 754
Current assets
Debtors 4 1,165 1,165
Cash at bank and in hand 3 499
1,168 1,664
Creditors: amounts falling due within one year 5 (12,604) (13,100)
Net current liabilities (11,436) (11,436)
Net liabilities (10,682) (10,682)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,782) (10,782)
Shareholder's funds (10,682) (10,682)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tariq Mahmood
Director
Approved by the board on 15 March 2024
LABEL GROUP MCR LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 754
At 30 June 2023 754
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 754
At 30 June 2022 754
4 Debtors 2023 2022
£ £
Other debtors 1,165 1,165
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 80 80
Taxation and social security costs 41 41
Other creditors 12,483 12,979
12,604 13,100
6 Other information
LABEL GROUP MCR LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Cheviot Street
Manchester
United Kingdom
M3 1LW
LABEL GROUP MCR LIMITED 12696740 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Tariq Mahmood No description of principal activity 12696740 2021-07-01 2022-06-30 12696740 core:WithinOneYear 2022-06-30 12696740 core:ShareCapital 2022-06-30 12696740 core:RetainedEarningsAccumulatedLosses 2022-06-30 12696740 2022-07-01 2023-06-30 12696740 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12696740 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12696740 bus:Director40 2022-07-01 2023-06-30 12696740 1 2022-07-01 2023-06-30 12696740 countries:England 2022-07-01 2023-06-30 12696740 bus:FRS102 2022-07-01 2023-06-30 12696740 bus:FullAccounts 2022-07-01 2023-06-30 12696740 2023-06-30 12696740 core:WithinOneYear 2023-06-30 12696740 core:ShareCapital 2023-06-30 12696740 core:RetainedEarningsAccumulatedLosses 2023-06-30 12696740 core:PlantMachinery 2023-06-30 12696740 2022-06-30 12696740 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure